Thursday, November 15, 2018
The Ministry of Mines and Energy has signed a power generation concession agreement with a Pan-African industrial group, Eranove, for the development of Kékéli Efficient Power station. The contract covers the design, financing, construction, commissioning, operation and maintenance of the power plant. The...
Exxon Mobil Corp. resumed talks with Ghana Oil Co. as the oil supermajor nears a deadline to find a local partner for the exploration of crude at an offshore field, according to people familiar with the matter. Talks between Exxon and...
Quoting Nelson Mandela and Charles Dickens, new Finance Minister Tito Mboweni’s climbed into the driving seat of South African economic policy, with aplomb, with his maiden mini-budget speech. His mere avuncular presence could revive comforting memories of better times...
Kenya has officially launched its second largest wind firm, the Kipeto Wind Power project by Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution and Actis. The African Trade Insurance Agency (ATI), the Pan-African trade and investment insurer, said it has...
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is...
Rwanda’s Bank of Kigali has priced its rights issue at 270 francs per share, seeking to raise 60 billion francs ($67.81 million), it said in a statement seen by Reuters on Friday. The lender, which is Rwanda’s biggest by assets,...
On 2 July, the PSA Group – manufacturer of the Peugeot, Citroën, DS, Opel and Vauxhall brands – produced its first vehicle assembled in Morocco at the brand new factory in Kenitra’s Atlantic Free Zone (AFZ), north of Rabat. Commercial production...
* Privately-held New Age (African Global Energy) said on Thursday its appraisal well to determine the extent of the Etinde field offshore Cameroon was successful. * Partners in the field comprise Bowleven and Lukoil . * “The recently completed second well,...
Nigeria’s state oil firm NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said. Despite having a refining capacity of about 445,000...
Sub-Saharan Africa’s economic recovery will progress slowly into next year, as the continent’s biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday. A dairy worker helps to process youghurt milk...
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